The first dividend in year $9((D_9))$ is calculated using $(D_8)$ :

$D_9=D_8(1+g)=6\mathrm{.}701\mathrm{.}05=7\mathrm{.}035$

Shouldn't this be $6\mathrm{.}70*\mathrm{.}95$ since the growth rate going forward is $-\mathrm{.}05$ and not $\mathrm{.}05?$ Just making sure I$\text{'}$m understanding this correctly since $(1+(-\mathrm{.}05)?$